Last updated on SEPTEMBER 15, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
In release 9.1 FP2 ( Bundle#29), production, after changing Salvage Rounding Values tied to different effective dates of an Asset profile, assets added to that profile don't seem to use the right value.
Incorrect salvage amount is created due to using the incorrect rounding option. This affects the cost and resulting depreciation.
Steps to replicate:
1. Create a profile with 2 different effective dates:
a. effective date 1/1/1900 using a Salvage % of Cost of 17, Salvage rounding rule of Round Down, Round type Generic
b. effective date 1/1/2014 using a salvage % of cost of 17.000000000000 rounding rule of Natural Round, Round type Currency.
2. Add an asset with March 2014 dates to the profile above, cost 25,987.05. View the salvage value in ps_cost. It should be 4417.800
3. Add an asset with 12/01/2013 dates to the profile above, cost 25,987.05. Results are still 4441.78, but should be 4441.779.
Per customer's notes:
Cost of 25,987.05 with salvage of 17 percent will natural round to 4441.78, or round down to 4441.779
We are expecting the Salvage amount to be rounded using the Effective Date row from Asset Profile table.
The wrong salvage amount is created.
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